The main purpose of this study is to determine whether public capital contributes to productivity growth and, if so, what kind of public capital contributes most. We analyze a dataset of 46 prefectures in Japan over 41 years, from 1955 to 1995, and estimate the production function as the...

This paper provides a contribution to the debate on the role of EU cohesion policy in Italy. The focus is on the territorial effects of EU spending from 1996 to 2007. The empirical analysis considers a neoclassical growth model which is augmented by the structural funds spent by each region....

Crime risk perception is known to be an important determinant of individuals? well being. Therefore, it is crucial, especially for governments, to understand its determinants and those (public) policies that can reduce it. Among those polices, resources devoted to police forces emerge as a key...

We investigate the future of human longevity, morbidity and health costs in a novel, multi-period OLG model with endogenous medical R&D and endogenous survival. Our calibrated model implies substantial future increases in longevity that are associated with both reductions in morbidity and a...

We study the cyclicality of public R&D in 28 OECD countries (1995 - 2017). While procyclical on average, public R&D reacts asymmetrically over different phases of the business cycle and becomes acyclical during recessions. It is also heterogeneous across countries: Innovation leaders and...

In light of climate change mitigation efforts, revenues from climate policies are growing, with no consensus yet on how they should be used. Potential efficiency gains from reducing distortionary taxes and the distributional implications of different revenue recycling schemes are currently...